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“For example, in a chapter of Rewarding Strivers (The Century Foundation, 2010) titled “How Increasing College Access Is Increasing Inequality, and What to Do about It,” Carnevale and Strohl offer compelling evidence on how income quartile impacts college graduation rates. This research shows that when observing students who score in the middle range on the SAT (between 1,000 and 1,200), 66% from the top income quartile graduate college by age 24. For those in the lowest income quartile, it is 17%.
Simply put, this is a shocking finding. These are students at the same band of ability as measured by their SAT scores, and yet students from the highest income quartile are four times more likely to get a degree by age 24 than students in the lowest income quartile. If you only look at top performers—students who have above 1,200 SAT scores—the trend persists. The highest income quartile achieves a college degree 82% of the time by age 24, while those in the lowest income quartile do so just 44% of the time. “
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